SHETLAND SEAFOOD AUCTIONS LIMITED

🌳Matureactive

SC190378 · ltd · incorporated 1998-10-19

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 24.8y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

£408.2k

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: SIC 03110

Sector: Agriculture, forestry & fishing

Investor take

Pursue

Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 82/100 (exceptional), bankability 80/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 24.8y

65/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 24.8 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (74/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

17 officers (5 active, 17 linked, 12 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

11 connected companies via shared directors

Filing history

116 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £408,170

Key financials

2 years extracted from filed iXBRL accounts

Cash

£328k

Net Worth

£408k

↑ 44% YoY

Current Assets

£341k

↑ 70% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-12-31	2023-12-31
Total assets	£450.8k	£359.2k
Current assets	£340.9k	£201.0k
Cash	£328.4k	—
Debtors	£12.4k	—
Net assets	£408.2k	£284.1k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (49 events)Click to expand

2025-05-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-21
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-03
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-09-30
➖
COOPER, Alastair Thomas James resigned
director
2022-09-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-08-24
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-08-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-11
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-02-04
➕
WILLIAMSON, Robert appointed
director
2020-10-29
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-10-29
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2020-10-29
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2020-10-29
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-10-29
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-10-29
📍
change-sail-address-company-with-old-address-new-address
address · AD02
2020-09-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-03-26
➕
AITKEN, Andy appointed
secretary
2020-03-26
➕
CROSSAN, Andrew appointed
director
2020-03-26
➖
CROSSAN, Andrew resigned
secretary
2020-03-26
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-03-26
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-03-24
➖
HENDERSON, Ruth Agnes resigned
director
2020-03-24
➖
SIMPSON, Richard Harald resigned
director
2019-09-24
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2012-08-15
➕
SANDISON, Victor Ian appointed
director
2012-08-15
➖
LAURENSON, Sandra Mary resigned
director
2008-04-02
➕
COOPER, Alastair Thomas James appointed
director
2007-05-15
➖
WISHART, Allan Sinclair resigned
director
2005-06-22
➕
CROSSAN, Andrew appointed
secretary
2005-06-22
➖
ISBISTER, Brian Neil resigned
secretary
2004-06-08
➖
SINCLAIR, Edwin Kenneth resigned
director
2003-11-04
➕
ISBISTER, Brian Neil appointed
director
2003-11-04
➖
SIMPSON, Joseph Gilbert resigned
director
2003-11-04
➖
SIMPSON, Richard Harald resigned
director
2001-08-22
🔒
Charge registered #1
Lender: Shetland Development Trust
2001-02-13
➕
HENDERSON, Ruth Agnes appointed
director
1999-08-19
➕
LAURENSON, Sandra Mary appointed
director
1999-08-09
➕
SIMPSON, Richard Harald appointed
director
1999-08-09
➕
SIMPSON, Richard Harald appointed
director
1999-08-09
➕
SINCLAIR, Edwin Kenneth appointed
director
1999-08-09
➕
WISHART, Allan Sinclair appointed
director
1998-11-09
➕
ISBISTER, Brian Neil appointed
secretary
1998-11-09
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary
1998-11-09
➕
SIMPSON, Joseph Gilbert appointed
director
1998-11-09
➖
JORDANS (SCOTLAND) LIMITED resigned
corporate-nominee-director
1998-10-19
🏢
Company incorporated
As SHETLAND SEAFOOD AUCTIONS LIMITED
1998-10-19
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
1998-10-19
➕
JORDANS (SCOTLAND) LIMITED appointed
corporate-nominee-director

Owner dependency

58/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

70/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 28 years old and no new directors in the last 3 years — succession not yet being planned internally.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

Similar companies

Active · Agriculture · ZE postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
RESEARCH FISHING CO. LIMITED→ SC103453 · est 1987	£15.65M £12.04M–£19.26M	—	—	0	39y	81	87y
CHARISMA HOLDING COMPANY LIMITED→ SC207704 · est 2000	£14.85M £11.42M–£18.28M	—	—	0	25y	80	75y
GRONIDAAL ORGANIC SMOLTS LTD.→ SC307638 · est 2006	—	—	£396.2k	—	19y	83	82y
UNST SHELLFISH LTD.→ SC326121 · est 2007	—	—	£180.6k	—	18y	83	61y
C & A THOMASON LTD.→ SC197920 · est 1999	—	—	£217.5k	—	26y	82	88y
GUIDING LIGHT FISHING COMPANY LIMITED→ SC339799 · est 2008	—	—	—	2	18y	82	58y
SHETLAND MARINE LIMITED→ SC398706 · est 2011	—	—	—	3	15y	82	70y
TINGWALL LIVESTOCK LIMITED→ SC285843 · est 2005	—	—	£247.4k	—	20y	82	75y
ANDERSON BROS (VOE) LTD.→ SC246814 · est 2003	—	—	£220.2k	—	23y	80	64y
BLUESHELL MUSSELS LIMITED→ SC254395 · est 2003	—	—	£16.08M	—	22y	80	58y
COLLAFIRTH SEAFARMS LIMITED→ SC335991 · est 2008	—	—	—	—	18y	80	70y
CRIBBA SOUND LTD.→ SC291896 · est 2005	—	—	£95.5k	—	20y	80	58y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

6 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →

🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive

Typeltd

Incorporated1998-10-19

Jurisdictionscotland

Primary SIC03110 — SIC 03110

Registered office

Lerwick Fish Market Mairs Quay

Lerwick

Shetland

Isle Of Shetland

ZE1 0PW

Scotland

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-11-02

Last: 2025-10-19